Wedge Capital Management L L P NC Sells 16,376 Shares of Super Micro Computer, Inc. (NASDAQ:SMCI)

Wedge Capital Management L L P NC cut its position in Super Micro Computer, Inc. (NASDAQ:SMCI - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 261,705 shares of the company's stock after selling 16,376 shares during the period. Super Micro Computer accounts for about 1.3% of Wedge Capital Management L L P NC's investment portfolio, making the stock its 15th biggest position. Wedge Capital Management L L P NC owned 0.49% of Super Micro Computer worth $74,392,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SMCI. International Assets Investment Management LLC raised its stake in shares of Super Micro Computer by 56,764.2% in the fourth quarter. International Assets Investment Management LLC now owns 1,322,093 shares of the company's stock worth $375,818,000 after acquiring an additional 1,319,768 shares during the last quarter. William Blair Investment Management LLC bought a new stake in shares of Super Micro Computer during the third quarter worth approximately $140,751,000. FMR LLC raised its stake in shares of Super Micro Computer by 161.2% during the third quarter. FMR LLC now owns 479,338 shares of the company's stock worth $131,444,000 after buying an additional 295,835 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Super Micro Computer during the third quarter worth approximately $55,943,000. Finally, Ameriprise Financial Inc. raised its stake in shares of Super Micro Computer by 89.1% during the third quarter. Ameriprise Financial Inc. now owns 350,921 shares of the company's stock worth $96,234,000 after buying an additional 165,353 shares during the last quarter. 84.06% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Sherman Tuan sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $873.98, for a total value of $4,369,900.00. Following the completion of the transaction, the director now owns 22,113 shares in the company, valued at $19,326,319.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Daniel W. Fairfax sold 300 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $540.00, for a total transaction of $162,000.00. Following the completion of the transaction, the director now owns 20,087 shares in the company, valued at $10,846,980. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sherman Tuan sold 5,000 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $873.98, for a total transaction of $4,369,900.00. Following the transaction, the director now owns 22,113 shares of the company's stock, valued at approximately $19,326,319.74. The disclosure for this sale can be found here. Insiders sold 34,989 shares of company stock worth $30,113,681 over the last quarter. 17.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SMCI shares. Northland Securities boosted their price target on shares of Super Micro Computer from $925.00 to $1,300.00 and gave the stock an "outperform" rating in a research note on Monday, March 25th. Wells Fargo & Company started coverage on shares of Super Micro Computer in a research note on Friday, February 16th. They set an "equal weight" rating and a $960.00 price target for the company. Susquehanna boosted their price target on shares of Super Micro Computer from $162.00 to $250.00 and gave the stock a "negative" rating in a research note on Tuesday, January 30th. Bank of America upped their target price on shares of Super Micro Computer from $1,040.00 to $1,280.00 and gave the company a "buy" rating in a research note on Wednesday, March 13th. Finally, Wedbush upped their target price on shares of Super Micro Computer from $250.00 to $530.00 and gave the company a "neutral" rating in a research note on Tuesday, January 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $949.85.

Super Micro Computer Stock Up 0.5 %

Shares of Super Micro Computer stock traded up $3.37 on Monday, hitting $717.02. The company had a trading volume of 9,288,919 shares, compared to its average volume of 9,917,287. The firm has a market capitalization of $40.11 billion, a P/E ratio of 55.97, a P/E/G ratio of 0.63 and a beta of 1.28. Super Micro Computer, Inc. has a twelve month low of $93.19 and a twelve month high of $1,229.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.19. The stock has a 50-day moving average of $955.26 and a 200-day moving average of $554.71.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released its quarterly earnings results on Monday, January 29th. The company reported $5.59 earnings per share for the quarter, beating the consensus estimate of $4.94 by $0.65. The company had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $2.80 billion. Super Micro Computer had a net margin of 7.92% and a return on equity of 32.34%. The business's quarterly revenue was up 103.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.09 earnings per share. Research analysts predict that Super Micro Computer, Inc. will post 20.24 earnings per share for the current year.

About Super Micro Computer

Super Micro Computer, Inc, together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally. Its solutions range from complete server, storage systems, modular blade servers, blades, workstations, full racks, networking devices, server sub-systems, server management software, and security software.